Companies Act 2014 section 581

Publication of resolution to wind up voluntarily

Section 581 requires a company that has passed a resolution for voluntary winding up to publicly advertise that resolution in the Iris Oifigiúil within 14 days, and sets out the consequences for failing to do so.

• Once a company passes a resolution for voluntary winding up — whether through the Summary Approval Procedure or through the procedure for companies of fixed duration — it must publicly advertise the resolution within 14 days.
• The advertisement must be placed in the Iris Oifigiúil, which is Ireland's official gazette.
• Failure to comply is a category 3 offence, applying to both the company and any officer in default.
• For the purposes of this requirement, the liquidator of the company is treated as an officer and is therefore equally liable for any failure to advertise the resolution.